Stocks To Watch: Canara Bank, Borosil Renewables, Ola Electric, Welspun Living, Rites

Canara Bank: The RBI has approved the bank's plan to divest 13% of its shareholding in Canara Robeco AMC and 14.5% in Canara HSBC Life Insurance through an IPO. The bank has been instructed to adhere to the deadline of Oct. 31, 2029, for increasing its stake in these entities to 30%.

FSN E-Commerce Ventures: Nihir Parikh has resigned from his position as CEO of Nykaa Fashion.com.

Borosil Renewables: The Ministry of Finance has imposed a provisional anti-dumping duty on imports of textured tempered coated and uncoated glass from China and Vietnam. This duty will be effective for six months, starting from Dec. 4.

Ola Electric Mobility: The Central Consumer Protection Authority has sought more information from Ola Electric Mobility Ltd. amid alleged whitewashing of over 10,000 service-related complaints.

Harsha Engineers International: The company has signed a long-term agreement with a leading multinational bearing company to supply bearing cages. The estimated value of the contract ranges from €6 million to €10 million per year.

Garden Reach Shipbuilders & Engineers: The company has signed a contract for the construction and delivery of seven 7,500 DWT multi-purpose vessels.

Welspun Living: The board approved the scheme of amalgamation between Welspun Home Solutions and Welspun Advanced Materials. Welspun Home Solutions is a subsidiary of Welspun Advanced Materials.

CG Power and Industrial Solutions: The Income Tax Commissioner has instructed the company to deposit Rs 4 crore and has stayed the remaining demand until the appeal is resolved. The company had filed an appeal against an income tax demand of Rs 189 crore, received on Feb. 27.

Rites: The company has received a contract worth Rs 148 crore from IIM Raipur Development of Phase II Campus.

Advait Infratech: The company has received an order for the supply and installation of 24 F OPGW on a turnkey basis for 400 KV Line.

Krishna Institute of Medical Sciences: The company has increased its investment by acquiring an additional 3% stake in Arunodaya Hospitals, a subsidiary. As a result, the company now holds a 70.66% stake in Arunodaya Hospitals.